GoalVest Advisory LLC Invests $539,000 in Klarna Group plc $KLAR

GoalVest Advisory LLC bought a new stake in Klarna Group plc (NYSE:KLAR) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 26,636 shares of the company’s stock, valued at approximately $539,000.

A number of other institutional investors have also added to or reduced their stakes in KLAR. Atwood & Palmer Inc. bought a new position in Klarna Group in the second quarter worth approximately $86,000. FNY Investment Advisers LLC bought a new stake in shares of Klarna Group during the second quarter valued at approximately $303,000. Militia Capital Management LLC acquired a new position in shares of Klarna Group during the first quarter worth approximately $3,625,000. Bank of America Corp DE raised its position in shares of Klarna Group by 3.8% during the first quarter. Bank of America Corp DE now owns 193,603 shares of the company’s stock worth $2,534,000 after purchasing an additional 7,134 shares during the period. Finally, Royal Bank of Canada lifted its holdings in shares of Klarna Group by 72.1% in the 1st quarter. Royal Bank of Canada now owns 11,007 shares of the company’s stock worth $145,000 after purchasing an additional 4,612 shares in the last quarter.

Analysts Set New Price Targets

KLAR has been the subject of a number of recent research reports. TD Cowen boosted their price target on shares of Klarna Group from $17.00 to $19.00 and gave the company a “hold” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. raised their price objective on shares of Klarna Group from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Barclays started coverage on shares of Klarna Group in a report on Wednesday, July 8th. They set an “equal weight” rating and a $20.00 price objective for the company. Freedom Capital raised shares of Klarna Group to a “strong-buy” rating in a research report on Wednesday, June 24th. Finally, BMO Capital Markets raised their price target on shares of Klarna Group from $17.00 to $19.00 and gave the company a “market perform” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.11.

Klarna Group Trading Down 1.8%

Shares of KLAR opened at $19.90 on Friday. The stock has a 50 day moving average of $18.64 and a 200 day moving average of $17.21. The company has a market capitalization of $7.51 billion and a price-to-earnings ratio of -38.27. Klarna Group plc has a 12 month low of $12.06 and a 12 month high of $57.20.

Klarna Group (NYSE:KLAR) last posted its quarterly earnings data on Wednesday, May 20th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.12. Klarna Group had a negative return on equity of 7.62% and a negative net margin of 5.21%.Klarna Group’s revenue was up 42.7% compared to the same quarter last year. As a group, equities research analysts predict that Klarna Group plc will post 0.05 earnings per share for the current year.

About Klarna Group

Klarna Group is a global payments provider specializing in “buy now, pay later” (BNPL) solutions for online and in-store shoppers. The company partners with merchants to offer flexible payment options, including interest-free installments and deferred payments, aiming to enhance conversion rates and customer loyalty. Klarna’s platform integrates risk assessment, fraud prevention, and a one-click checkout experience to streamline transactions for both retailers and consumers.

Through its digital wallet and mobile app, Klarna enables users to manage purchases, track spending and access exclusive shopping offers from partner merchants.